Appointment of Adviser

9 October 2013

Bellzone Mining plc

("Bellzone" or "the Company")

Further to the Kalia Project Bankable Feasibility Study announcement made on 17 September 2013, Bellzone is pleased to announce that it has appointed Macquarie Capital (Europe) Limited as adviser on the funding and strategic options for the first stage of the Project.

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About Bellzone Mining Plc

Bellzone Mining plc ("Bellzone") is an exploration and resource development company with iron ore ("Fe") and nickel/copper permits in the Republic of Guinea, West Africa. Bellzone's flagship project, Kalia, contains JORC-compliant resources of 913.2 million tonnes at 36.3% Fe of oxide and supergene banded iron formation, including 124.2 million tonnes at 53.5% Fe, and a globally significant magnetite resource of 4.72 billion tonnes at 29.3% Fe.

Bellzone and China International Fund each hold a 50% investment interest in the holding company of the joint venture operations at the Forécariah iron ore mine which commenced production in May 2012.

About Macquarie

Macquarie Group (Macquarie) is a leading provider of banking, financial, advisory, investment and funds management services. Macquarie's global operations include offices in the world's major financial centres. Founded in 1969, Macquarie employs more than 13,600 people in 28 countries. At 31 March 2013, Macquarie had assets under management of €282 billion.

Macquarie's European presence was established in London and Munich in 1989. Today Macquarie's Europe, Middle East and Africa operations span 11 countries and cover the full breadth of Macquarie's corporate service offering.